Mar, 31, 2022 — REDSTONE FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTSVILLE, AL with 37 branch locations and about $7.93 billion in total assets. Opened 71 years ago in 1951, REDSTONE FEDERAL CREDIT UNION has about 679,523 members and employs 1,228 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | REDSTONE FEDERAL CREDIT UNION |
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Address: (Main Office) | 220 Wynn Dr HUNTSVILLE, AL 35893 |
Phone: | (256) 837-6110 |
Fax: | (256) 722-8399 |
Website: | https://www.redfcu.org |
Branches: | 37 branch locations |
Members: | 679,523 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7544 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $7,926,043,123 |
CEO/Manager: | Joseph H Newberry |
Chairperson: | Dave Hargrove |
ASSETS: | $ Amount |
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Cash & Equivalents | 813,060,942 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,006,128 |
Real Estate Loans | 1,286,132,927 |
Unsecured Loans | 483,480,510 |
Other Loans | 1,400,410,929 |
TOTAL LOANS | 3,170,541,341 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,604,155 |
Land And Building | 126,127,510 |
Other Fixed Assets | 26,658,719 |
NCUSIF Deposit | 59,018,465 |
All Other Assets | 588,618 |
TOTAL ASSETS | 7,926,043,123 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 36 |
Notes & Interest Payable | 291,143,750 |
Accounts Payable & Other Liabilities | 37,310,899 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,418,757,588 |
Regular shares | 3,144,594,845 |
All Other Shares & Deposits | 2,428,169,350 |
TOTAL SHARES & DEPOSITS | 6,991,521,783 |
TOTAL LIABILITIES | 7,319,976,468 |
Regular Reserve | 0 |
Other Reserves | -174,146,828 |
Undivided Earnings | 780,213,483 |
TOTAL EQUITY | 606,066,655 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,926,043,123 |
INCOME & EXPENSE | |
Loan Income | 38,011,014 |
Investment Income | 13,972,651 |
Other Income | 7,226,546 |
Total Employee Compensation & Benefits | 25,899,596 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 25,801,335 |
Non-operating Income & (Expense) | -55,234 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,873,359 |
Cost of Funds | 3,209,058 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 25,803,777 |
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